September 19, 2019

Podiatry Workstations Market Estimated to Flourish by 2027

Podiatry Workstations Market: Overview

  • Podiatry workstations is an advanced concept and are used to treat people with foot or leg issues, sports injuries, lower limb pain, and foot examination. These workstations include chairs, cabinets, drawer systems, and other surgical instruments. This allows the operator or podiatrist a professional and workable space.
  • Podiatry workstations offer maximum movement and access to podiatrists and are highly useful in podiatry clinics

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Key Drivers and Restraints of Global Podiatry Workstations Market

  • Rise in foot problems across the globe is a major factor responsible for the growth of the podiatry workstations market
  • According to Aetrex Worldwide Inc. Foot Facts, approximately 6% of the U.S. population experience foot injuries, bunions, flat feet, and fallen arches every year
  • Aging population is highly prone to foot injuries, diabetic conditions, lower limb problems, and deformation of organs. This is expected to expand the global workstations market. For instance, as per the AGS Health in Aging Foundation, in 2017, approximately 33% of people aged 65 years or above in the U.S. had at least one bunion.
  • Increase in the diabetic population globally is also one of the many factors propelling the growth of the global podiatry workstations market. Foot ulcers are common in diabetic patients, which need proper examination and treatment. Podiatry workstations are used for examination and healing purposes of infected wounds. Hence, the demand for podiatry workstations is anticipated to grow.
  • According to report published in 2017 by the Alpine Foot & Ankle Clinic, diabetic foot ulcerations have a global annual incidence rate of 6.3%
  • Advancements in technology and devices used in the podiatry treatment and adoption of new products by podiatrists are some of the factors that are expected to drive the global podiatry workstations market

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High Cost Associated with Podiatry Procedures to Hamper Market

  • High cost of podiatry procedures, therapies, and treatment in certain diseases, coupled with expensive instruments is hampering the expansion of the global podiatry workstations market
  • Lack of skilled podiatrists in developing countries, particularly of the African region, cause complications and adversely affect the foot condition. This is preventing patients from undergoing certain therapies, thus negatively impacting the global podiatry workstations market.

Podiatry Workstations with Light & Chair to Witness High Demand

  • In terms of product type, the global podiatry workstations market can be divided into podiatry workstation with monitor, podiatry workstation with chair, podiatry workstation on casters, podiatry workstation with shelves, and podiatry workstation with light & chair
  • The podiatry workstation with light & chair segment dominated the podiatry workstation market, as these workstations have maximum control units, in terms of access, for podiatrist and offer greater ease to patients. This segment is expected to expand at a significant CAGR during the forecast period.
  • Podiatry workstation with monitor offers greater control, maximum simplicity, and information on LCD display. This segment has high growth potential in the global podiatry workstation market.
  • Podiatry workstations with shelves have more number of drawers to keep surgical instruments, such as surgical drills and other instruments. However, these workstations are being substituted by advanced workstations.

Mobile Podiatry Workstations Modality Segment has Significant Growth Potential

  • On the basis of modality, the global podiatry workstations market can be divided into standalone podiatry workstations and mobile podiatry workstations
  • The mobile podiatry workstations segment is expected to have significant growth potential in the global podiatry workstations market
  • Mobile podiatry workstations include features, such as device portability in clinics and ease of operation. This factor is likely to fuel the growth of this segment.

Podiatry Clinics to be Highly Lucrative Segment

  • In terms of end-user, the global podiatry workstations market can be segmented into hospitals, ambulatory surgery centers, podiatry clinics, and others
  • The podiatry clinics segment is anticipated to grow at a significant CAGR during the forecast period, owing to more number of patients being referred to podiatry clinics for foot problems and availability of skilled podiatrists at these clinics in developed countries

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North America to Lead Global Podiatry Workstations Market

  • In terms of region, the global podiatry workstations market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global podiatry workstations market in 2018 due to a high number of people with foot problems and diseases, better health care infrastructure, and several awareness campaigns and programs held by different organizations in the region
  • According to the Illinois Podiatric Medical Association (IPMA), approximately 5% of the U.S. population have foot infection, including athlete’s foot and other fungal infections and warts
  • In July 2017, The American Orthopaedic Foot & Ankle Society (AOFAS) launched the consumer awareness campaign – Look for the “O” – in the U.S. This campaign was aimed at helping people understand the need to find a specialized foot and ankle orthopaedic surgeon for their foot needs.
  • The podiatry workstations market in the Asia Pacific is expected to grow at a high CAGR during the forecast period. Aging population, high diabetes prevalence with diabetic foot ulcer, and rise in awareness regarding foot care and diseases are factors augmenting the market growth in the region.

Key Manufacturers Operating in Global Market

Key manufacturers operating in the global podiatry workstations market are:

  • Saratoga Spa
  • Gharieni Group
  • Murray Medical
  • BTC SRL(Innovative Medical Solutions)
  • Vismara s.r.l.
  • M.D. srl